Rio home owners already renting properties for World Cup 2014

Ipanema beach in Rio de Janeiro. World Cup crowds will come for more than just the football.

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Organizers and sponsors have completed bulk hotel reservations for World Cup 2014 in Brazil

Alternative accommodation options are on the rise in Rio

An Ipanema penthouse will rent for $150,000 for one month during World Cup period

Travelers planning to attend the 2014 World Cup in Brazil better get cracking on their accommodation bookings.

Organizers from FIFA and tournament sponsors have already started making mass hotel bookings for next summer, and private home owners in Brazil have responded, renting out apartments for the World Cup period, according to the Rio Times.

A large percentage of those travelers are expected to be looking for alternative accommodations, such as private homes, bed and breakfasts and hostels.

According to the Brazilian daily, some four-room penthouses in Ipanema are asking $150,000 for one month's rental.

A studio apartment in Copacabana is being rented out at $7,000 for four weeks, while a villa is using the deposit from a booking already made for next summer to renovate the house for more such rentals.